The Inventory Loophole: Using the Cash Method of Accounting Toward Tax Savings, Part 2
The world of small business tax deductions looked very different before and after the Tax Cuts and Jobs Act (TCJA)
Category: Loopholes
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The Inventory Loophole: Using the Cash Method of Accounting Toward Tax Savings, Part 1
The Tax Cuts and Jobs Act (TCJA) brought about far-reaching changes in the world of tax law. Though recent conversations
Business debt restructuring: How to do it with money saved on taxes
It’s common practice for businesses to take on debt, but unforeseen occurrences like a recession or a pandemic might make
Tax Planning Versus Preparation – What is the Difference? – Part 2
By Dominique Molina, CPA MST CTS Tax planning is making shifts in a taxpayer’s financial and business situation, to minimize
Tax Planning Versus Preparation – What is the Difference? – Part 1
By Dominique Molina, CPA MST CTS Visit social media or google these days and you’ll most likely see advertisements for
Real Property Tax Basics
Property tax is one of our country’s oldest taxes; it was even established prior to federal income tax. As far
Forgivable Expenses
Good news on forgivable expenses! There is a lot more that is eligible for forgiveness, and not just for new
Section 105 Plan
Section 105 Plan How can you “hire” a spouse in a sole proprietorship without having to pay a wage, and
Using Short Sales/Foreclosures to REDUCE Tax
While we’ve been slaving away over piles of tax returns, the IRS has been feverishly publishing information letters. These letters
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